| The labor costs are the biggest expense for any | | | | years. Those with 1-3 years' experience are paid |
| company. When this cost is significantly reduced, it | | | | between Rs. 240,000-250,000 ($5250 approximately) |
| leads to higher returns on investment. Wages of | | | | and Rs. 360,000-400,000($7800-9000 approximately). |
| Indians remain around 5-10% of the wages incurred on | | | | This can vary according to a lot of internal and |
| an American or an European counterpart. Now, the | | | | external factors. These are figures that a software |
| rise in demand has led to an increase in the costs at | | | | professional expects to be paid. |
| least for employees who are highly experienced. | | | | Experienced employees are not hired as much as |
| Programmers, developers, web developers or any kind | | | | fresh talents and lesser experienced employees are |
| of software professional or BPO personnel are paid at | | | | hired. The cost of hiring seniors is around 30% of the |
| set standards ensuring that the IT Industry remains at | | | | total cost. Seniors are paid around Rs. 720,000 |
| par with the expectations of the employees, society | | | | ($15000) to Rs. 1,800,000 ($40000). Similarly, |
| and the country as a whole. The league of talents | | | | commercial and office spaces also offer significant |
| required to perform different jobs within a project | | | | cost advantage. |
| varies in experience and compensation. Huge amount | | | | The top brass consists of lesser number of resources |
| of cost is saved with those who are less experienced. | | | | who manage a pyramid of juniors below them. This |
| This means that more of opportunities are available for | | | | means that the costs incurred on seniors do not |
| fresh talents and those with experience of around 1-3 | | | | escalate the total costs. |